Sedlacek Trust 33-4 #1H

09/07/2010

Brigham Exploration Company (BEXP) held a conference call in conjunction with the release of second quarter of 2010 earnings. The company made several comments on its activities in the Bakken Shale.

Brigham Exploration Company is still adding to its acreage in the Bakken Shale, and is focused on three separate project areas.

“Our core acreage has grown by roughly 34,000 net acres or 21% to approximately 198,000 net acres. This core acreage is generally proximal to the 21 consecutive high rate wells we've drilled in the Rough Rider area today, as well as that of key wells drilled by other operators.”

“The Sedlacek Trust 33-4 #1 wells located in the southwest portion of the Rough Rider area, just east of the state line separating Montana and North Dakota. The well recently commenced production at initial rate of approximately 2,695 barrels of oil equivalent per day.”

“Between the Luke Sweetman and the Sedlacek Trust 33-4 #1 wells, we've acquired a nice acreage block, including roughly 9,900 net acres right across the line from the Sedlacek in Richmond County, Montana…We plan to spud a well in this area, almost half way between the Sweetman and our Sedlacek in October.’

“There’s an additional 17,300 net acres that we acquired that lies a bit farther due west in Montana, northwest of the Elm Coulee Bakken field….We think this area has very good potential, but the geology is a bit different and is not as proximal to these wells, so we don’t yet consider it to be core acreage. We currently plan to drill our first well in this area, which could potentially begin to move it into the core category during the first quarter of 2011.”

08/04/2010

Brigham Exploration Company (BEXP) reported the completion of two Bakken Shale wells during the second quarter of 2010 at its Rough Rider project area in the Williston Basin.

The Michael Owan 26-35 #1H well had an early 24-hour peak flow back rate of 2,931 barrels of oil equivalent (BOE), composed of 2,640 barrels of oil per day and 1.75 million cubic feet of gas per day. The well was completed with a 33 stage hydraulic fracturing operation.

The Sedlacek Trust 33-4 #1 well had an early 24-hour peak flow back rate of 2,695 BOE, composed of 2,413 barrels of oil per day and 1.69 million cubic feet of gas per day. The well was completed with a 30 stage hydraulic fracturing operation.

Brigham Exploration Company also reported the completion of the Rogney 17-8 #1H Bakken Shale well at the company’s project area in Roosevelt County, Montana. The Rogney 17-8 #1H had an early 24-hour peak flow back rate of 909 BOE. The company said that the production on the well was lower because the well was under stimulated during parts of the completion operation.
The company plans to spud the Gobbs 17-8 well in November 2010. This well is located five miles from the Rogney 17-8 #1H well.

Brigham Exploration Company also participated with a small working interest in the Luke Sweetman well, which had an early 24-hour peak flow back rate of 1,201 BOE per day.

07/02/2010

U.S. Energy Corp. (USEG) reported that the company has begun completion operations on two Bakken Shale wells on its acreage in North Dakota. The wells were drilled under the Drilling Participation Agreement (DPA) signed with Brigham Exploration Company (BEXP).

The Sedlacek Trust 33-4 #1H and Sukut 28-33 #1H wells have both reached total depth and will begin completion operations in late June or early July 2010. These were the tenth and eleventh wells drilled under the DPA.